Let yourself sleep comfortably again knowing your VAT affairs are in good hands
Since April 2021 all VAT registered businesses have to file their VAT through the new Making Tax Digital VAT system. This has brought unique challenges to many businesses, requiring them to use accounting software in a way that may not have needed in the past.
At The Accounting Studio we are expert cloud accounting software users, being accredited by all the major accounting software firms, such as Xero, FreeAgent and Quickbooks.
VAT, however, is more complicated than simply using software. The rules around VAT, what rates to apply, when to apply it or not, what you can reclaim, the various rules relating to the various schemes that are in place are huge, and constantly changing.
Brexit and Covid have both seen an explosion in complexity in the rules, and we can see no simplification on the horizon.
Increasing complexity with both the operations, and the rules, with an increasingly aggressive stance taken by HMRC means many business owners are now more concerned than ever about making sure that their VAT is correct.
We can offer a full VAT service from advising on registration, choice of scheme, running the VAT operation and advising on individual transactions or classes of transactions.
Get some sleep at night knowing that your VAT affairs are in good hands, by getting The Accounting Studio to look after this area of your business.
